The global double zipper bags market is predicted to expand at a moderate CAGR of 5% from 2022 to 2032. The market is set to accrue a revenue of US$ 3.6 billion in 2032 as opposed to US$ 2.21 billion in 2022. Historically, the market witnessed an evaluation of US$ 2.1 billion in 2021. This estimated growth can be attributed to the growing demand for effective storage and protection of different kinds of products. An accelerated rise in demand for packaged food products will further aid the growth of the double zipper bags market during the projection period.
Double zipper bags are convenient to use for packaging purposes, are easy to carry and transport food items in which leads to high demand for these bags. Increasing demand for ready-to-eat meals, snacks, baked goods and desserts also play a crucial role in bolstering the demand for double zipper bags. In addition to this, increasing innovation in the packaging sector so as to meet the need for novel packaging solutions will also aid the expansion of the double zipper bags market size in the next couple of years.
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The incorporation of nanotechnology in packaging systems is focusing on the development of solutions that will reduce food waste, improve the shelf life of products while also ensuring food safety. This aspect is expected to augur well for the overall market. Further, a sharp incline in the demand for convenience or ready-to-eat food because of the fast-paced and urban life that majority of the global population experiences also has a positive impact on the double zipper bags market. Other factors like increasing disposable income, rise in the number of working women, and growing launches of double zipper bags are also stimulating market growth. Increasing travel and growing demand for zipper bags from diverse industrial sectors like home care, pharmaceuticals, food and beverages, and others will aid the growth of the double zipper bags market during the projection period.
Key Takeaways:
- Strict regulations regarding certain raw materials used in the production of double zipper bags, shifts in technology, and costs associated with labor are certain factors that will stymie the growth of the double zipper bags market.
- Rising collaboration in food packaging sector is estimated to strengthen the prospects of the market.
- North America will dominate the global double zipper bags market due to rising popularity of flexible packaging solutions in this region.
- East and South Asia will emerge as an opportunistic pocket for the double zipper bag market due to the rapid adoption of an urban lifestyle.
The Giant Pools-
Key players in the global double zipper bags market include-
- Amcor Plc.,
- Berry Global Group,
- Mondi Group,
- SKY FLEXI PACK,
- Glenroy Inc.,
- Novolex,
- ProAmpac,
- Winpak Ltd.,
- Sonoco Company,
- Flair Flexible Packaging Corporation,
- Bryce Corporation,
- Bischof +Klein SE & Co. KG,
- Transcontinental Inc.,
- Dsmart GmBh and
- Pentaflex Inc.
Competitive Landscape-
Eminent market players are keen on product innovation and development. These businesses adopt advancing technology to manufacture inventive products and cater to the demand of the consumers. A few of these participants also employ strategic partnerships, collaborations, and acquisitions to gain a competitive edge.
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Key Segments Profiled in the Global Double Zipper Bags Market-
Global Double Zipper Bags Market by Product Type:
- Stand-up Double Zipper Pouch
- Flat Double Zipper Pouch
Global Double Zipper Bags Market by Material Type:
- Plastic Double Zipper Bags
- Aluminium Laminates Double Zipper Bags
- Paper Double Zipper Bags
- Other Material Type Double Zipper Bags
Global Double Zipper Bags Market by End Use:
- Double Zipper Bags for Food
- Double Zipper Bags for Pharmaceuticals
- Double Zipper Bags for Cosmetics & Personal Care
- Double Zipper Bags for Other End Uses
More Insights Into Double Zipper Bags Market
In its latest report, FMI offers an unbiased analysis of the global double zipper bags market, providing historical data from 2017 to 2021 and forecast statistics for 2022 to 2032. For comprehensive understanding of the global market potential, growth, and scope, the market is segmented on the basis of product type, material type, end-use, and region.
According to the reports, based on region, the double zipper bags market in North America will present significant growth between 2022 and 2032. The target market in this region will dominate the international marketplace. In North America, the US has been identified as the largest consumer of double zipper bags. High demand for packaged and ready-to-eat food, swift development of the packaging sector, and growing popularity of flexible packaging solutions are responsible for the growth of the double zipper bags market in North America. Additionally, South and East Asia will also emerge as attractive pickets for the double zipper bags market. This is due to the presence of densely populated countries, rising disposable income, the growing adoption of urban lifestyle, and business activities of regional players.
In conclusion, rising demand for effective storage solutions and contributions from North America, South Asia, and East Asia will fuel the growth of the global double zipper bags market during the forecast period.
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